annual-report-FY2020

349 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 33. Financial Instruments (contd.): 3. Liquidity risk management (a) Maturity profile of financial liabilities The following table details the Group’s remaining contractual maturity for its non-derivative financial liabilities with agreed repayment periods. The table has been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Group can be required to pay. The table includes both interest and principal cash flows. Rupees crores Particulars Less than 1 Year 1-3 Years 3 Years to 5 Years 5 years and above As at 31 st March, 2020 Short term borrowings - Principal .............................................. 10,217.53 — — — Short term borrowings - Interest ................................................ 273.49 — — — Long term borrowings (including Current maturities of long term debt) - Principal .................................................................. 19,576.70 32,776.70 7,445.76 9,895.45 Long term borrowings (including Current maturities of long term debt) - Interest .................................................................... 4,573.56 6,695.31 2,851.43 5,273.19 Trade payables .............................................................................. 14,985.35 10.21 0.04 — Financial Guarantees .................................................................... 423.25 — — — Lease Liabilities.............................................................................. 588.69 763.54 711.08 1,418.60 Other Financial Liabilities............................................................. 2,181.82 243.51 8.54 182.45 Total ................................................................................................ 52,820.39 40,489.27 11,016.85 16,769.69 As at 31 st March, 2019 Short term borrowings - Principal .............................................. 10,541.01 — — — Short term borrowings - Interest ................................................ 245.17 — — — Long term borrowings (including Current maturities of long term debt) - Principal .................................................................. 16,781.12 30,091.01 5,879.11 7,682.31 Long term borrowings (including Current maturities of long term debt) - Interest .................................................................... 4,025.44 5,280.83 2,004.38 4,219.33 Trade payables .............................................................................. 20,992.17 7.93 — — Financial Guarantees .................................................................... 440.41 — — — Other Financial Liabilities ............................................................ 2,509.39 182.10 5.68 156.15 Total ................................................................................................ 55,534.71 35,561.87 7,889.17 12,057.79 The amounts included above for financial guarantee contracts are the maximum amounts the Group could be forced to settle under the arrangement for the full guaranteed amount if that amount is claimed by the counterparty to the guarantee. Based on expectations at the end of the reporting period, the Group considers that it is more likely than not that such an amount will not be payable under the arrangement.